Oakville is a growing suburb located in the Greater Toronto Area (GTA) on the shores of Lake Ontario. The city is a growing municipality with a population of 213279 residents. Its privileged location near the economic powerhouse of Toronto and growing and buzzing Hamilton make the city a desirable destination for important employer brands to locate in it.
In 2018, MoneySense Magazine named the city:
Best Place to Live in Canada, and
Best Place for New Canadians
This recognition only confirms the community’s life quality levels and supports the city’s vision of growth and expansion.
In this article, we will take a look at the top 5 industries that contribute the most to Oakville’s booming economic growth and how MSPs play a crucial role in supporting these industries.
Key Takeaways
Data Security for Financial Services: Oakville’s proximity to significant financial centers highlights the search for robust data security measures, making managed IT services essential for maintaining regulatory compliance and ensuring uptime.
IT Support for Digital Media and Film: Oakville’s burgeoning digital media sector, particularly animation, relies on uninterrupted IT support to prevent production delays, emphasizing the importance of managed IT services for creative industries.
Regulatory Compliance in Health & Life Sciences: Businesses in Oakville’s growing life sciences sector rely on managed IT services to ensure data security and compliance with regulatory standards, supporting their research and development efforts.
Data Management in Advanced Manufacturing: Advanced manufacturing companies in Oakville require robust data management solutions, including backup and disaster recovery services, to safeguard their innovative technologies and maintain competitiveness.
Comprehensive IT Solutions: Oakville businesses across various sectors benefit from a wide range of managed IT services, including cloud backups, network support, data security, and IT consulting, tailored to their specific needs and workflows.
Growing Economic Sectors by Businesses in Oakville Ontario
All the unique characteristics of the city make it desirable for many businesses to either locate in the area or seek to expand to it.
As mentioned above, its proximity to Toronto and Hamilton while evading the high traffic and issues of big cities makes it so appealing to many companies.
But the real gem of the city resides in its people. Professional, scientific, and technical services, as well as banking and insurance, all benefit from the labor surplus in Oakville.
When it comes to luring new businesses to the area, Oakville has a competitive advantage due to the skill pool in these knowledge-based industries.
Emerging Economic Clusters for Oakville Businesses
Additive Manufacturing
Oakville is a Canadian leader in advanced manufacturing with over 9,000 skilled workers and many support companies in engineering, systems design, and technical consulting.
Advanced manufacturing companies in Oakville are a collection of businesses that support innovation and growth while continually setting the benchmark for others to follow.
Some of the key employers are Ford Motor Company of Canada, Collins Aerospace, Mancor Canada Inc., VAC Developments Ltd., and IPEX.
Source: Key Industry Sectors in Oakville
Life Science and Digital Health
Oakville is at the heart of an 80-kilometer-long life sciences corridor that connects Hamilton and Toronto.
Prestigious academic and research institutions like McMaster University, University of Toronto, MaRS Discovery District, and many of Canada’s top teaching and research hospitals are among the cutting-edge facilities found inside this corridor.
Nine accredited universities and seven technology and applied arts institutions, many of which offer advanced courses and degrees in the field of health sciences, are all within an hour’s drive of Oakville.
Animation and Gaming
Oakville is home to businesses involved in information and communications technology, as well as filmmaking.
Oakville has the resources—people, partners, members, and commercial know-how—to introduce the world to innovative technologies.
Some of the best talent in the world, sought after by large businesses like Disney and Pixar, is produced at Sheridan College, one of the world’s top hubs for animation.
Emerging Technologies
With active groups like Silicon Halton and Haltech, tech-focused companies like SoftChoice, and courses like UX design and game design at Sheridan College, Oakville’s tech community in particular is growing.
In fact, the animation department at Sheridan’s Trafalgar campus has won recognition on a global scale. With fresh talent graduating and joining the workforce each year, the school continues to offer cutting-edge programming in the areas of game design and mobile computing.
The Top 5 Industries for Oakville Businesses
1. Professional and Financial Services
Financial and professional services make up a significant portion of the city’s economic environment because of its proximity to significant amounts of wealth in both Hamilton and Toronto as well as its highly educated population.
With Siemens and PwC among the numerous large international companies with facilities in Oakville, the city has inevitably become a centre for these services, luring others to settle there and boosting the sector.
Maintaining data security and overall IT uptime is also crucial when working with the financial services industry. In addition to being good practice, this may also be a requirement of the sector to maintain regulatory compliance.
2. Digital Media, ICT, And Film
It makes it natural that Oakville, with its stunning lakefront scenery, would attract interest as Toronto and its surroundings grow in popularity as filming locations for movies and television.
The Trafalgar Road Campus of Sheridan College’s animation program is renowned for its excellence and has earned a reputation for producing exceptionally skilled animators.
Additionally, animation companies must ensure that their IT is in working order at all times, whether they are creating animation or editing movies on a cloud storage platform. If network downtime, for example, is not managed, these productions may fall well behind schedule. They frequently need Oakville IT support because of this.
3. Health & Life Sciences
Pharmaceutical and biotechnology research is also growing in Oakville.
Prestigious academic and research institutions like McMaster University, University of Toronto, MaRS Discovery District, and many of Canada’s top teaching and research hospitals are among the cutting-edge facilities found inside this corridor.
Many businesses rely on Oakville managed IT services and consulting to make sure that their systems are secure and adhere to pertinent regulatory standards.
4. Advanced Manufacturing
In Oakville, advanced manufacturing businesses are a component of a thriving economic environment. These businesses are among the top advanced manufacturing companies in the world thanks to their world-class leadership, inventive production techniques, and product improvement.
These companies also need to keep a tight hold on their data since they depend on innovation and exclusive technology. The use of data backup and disaster recovery services in Oakville is one approach to guarantee the security of their data.
5. IT Support Companies
With so many sectors expanding and thriving, they must guarantee that their information technology is capable of supporting their workflows and procedures.
That means getting a variety of support services, including:
- Cloud Backups
- Network Architecture and Support
- Data Security Services
- VoIP Communication Solutions
- Helpdesk Support
- IT Consultancy Services
- And more
Get informed on the latest news from our expert managed IT support providers:
- Protect your online accounts from being breached
- Top cybersecurity measures for manufacturing facilities
- 8 Essential tips to improve network security
Support Your Business in Oakville With Managed IT Services
Oakville is a hub of advanced manufacturing and innovation, and Wingman Solutions is proud to be a part of its success. As a reliable managed services provider, we can help your small business in Oakville leverage technology to achieve their goals and stay ahead of the competition.
Managed IT Support Services for Oakville Businesses
We offer a range of IT solutions, including backup and recovery, data security, cloud services, and more. We also provide personalized support and guidance to help you optimize your IT infrastructure and processes. Whether you need to protect your data, enhance your productivity, or scale your operations, we have the right solution for you.
Wingman Solutions is more than just an IT vendor. We are your trusted IT partner, committed to helping you grow your business in Oakville and beyond.
Summing Up: Top Industries for Oakville Businesses
In Oakville, the synergy between booming industries and cutting-edge technology creates a dynamic environment ready for growth and innovation.
From financial services to digital media, health sciences to advanced manufacturing, businesses absolutely rely on robust IT infrastructure to stay competitive and compliant.
At Wingman Solutions, we understand the unique needs of Oakville businesses and offer tailored managed IT services to support their growth and success.
Whether you require data security for financial transactions, uninterrupted Mac IT support for creative projects, or regulatory compliance for healthcare initiatives, we have the expertise and solutions to meet your needs.
Contact us today to learn how Wingman Solutions can empower your business with comprehensive managed IT services!
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